Holliday Fenoglio Fowler announced the $14.5 million refinancing for 1 Independence Way, a 113,998 s/f office property in Princeton, New Jersey.
The HFF team worked on behalf of the borrower, Normandy Real Estate Partners, to secure the 10-year, fixed-rate, securitized loan through LoanCore Capital.
1 Independence Way is located just north of Princeton University off of U.S. Route 1 in Princeton. The office property was completed in the 1980’s and is fully leased to S&P Global and ALK Technologies Inc.
The HFF debt placement team representing the borrower included senior managing director Jon Mikula and associate Matthew Pizzolato.
